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Glenn Beck on the cover of Time. A contra-indicator

Stock market pundits often say by the time a financial trend makes it to the cover of major news magazines, it generally signals it is time to go the other way. Thus, if Newsweek has a cover story saying the Bull market is Back, then it’s time to sell and go short.

Therefore, using this often reliable indicator, I predict that Glenn Beck being on the cover of Time this week means he has peaked.